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Business News

Canadian Airbus workers reach tentative agreement with company

Canadian Airbus workers reach tentative agreement with company

Apr 12, 2024 / 5:34 pm

Airbus Canada says it has reached a tentative agreement with the union representing employees at the company's assembly facility in Mirabel, Que. The...

Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation

Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation

Apr 12, 2024 / 12:02 pm

A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February. The report by Urbanation,...

Corus CEO hopeful TV advertisers will return as company posts $9.8M Q2 loss

Corus CEO hopeful TV advertisers will return as company posts $9.8M Q2 loss

Toronto Apr 12, 2024 / 9:00 am

Despite a drop in advertising revenue, the chief executive of Corus Entertainment Inc. says he is confident the television and radio broadcaster can draw...

Regulator limiting leverage in bank mortgage portfolios

Regulator limiting leverage in bank mortgage portfolios

Toronto Apr 12, 2024 / 8:48 am

Canada's banking regulator says it will be putting limits on how much leverage banks allow in their uninsured mortgage portfolios. The Office of the...

March home sales, average price rise from year ago: CREA

March home sales, average price rise from year ago: CREA

Ottawa Apr 12, 2024 / 6:53 am

The Canadian Real Estate Association says the number of home sales in March rose 1.7 per cent compared with a year ago. The increase came as the average price...

Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk

Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk

Ontario Apr 12, 2024 / 5:14 am

In a Calgary warehouse almost as big as eight football fields, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart Canada...

Canada in top three countries for music exports on Spotify, but some hit artists may not qualify as Canadian

Canada in top three countries for music exports on Spotify, but some hit artists may not qualify as Canadian

Apr 11, 2024 / 3:34 pm

Canada is in the top three countries for exporting music streams worldwide, new data from Spotify SPOT-N shows, with 92 per cent of all royalties for Canadian...

Metro Vancouver industrial real estate market starting to normalize

Metro Vancouver industrial real estate market starting to normalize

Apr 11, 2024 / 1:29 pm

Metro Vancouver’s industrial market is entering a period of equilibrium, as the frenzy that once defined the market dies down. This is according to a...

Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago

Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago

Apr 11, 2024 / 11:48 am

Postmedia Network Canada Corp. reported a net loss of $20.1 million in its latest quarter compared with a loss of $20.8 million a year earlier as its revenue...

Loblaw launching No Name Mobile cellphone plans at all No Frills stores

Loblaw launching No Name Mobile cellphone plans at all No Frills stores

Apr 11, 2024 / 11:26 am

Loblaw Cos. Ltd. is launching low-cost cellphone plans under its No Name brand, offering prepaid mobile sim cards for purchase at all No Frills locations across...

'The root cause of my debt': Sales are tempting. How to avoid falling for offers

'The root cause of my debt': Sales are tempting. How to avoid falling for offers

Apr 11, 2024 / 10:16 am

The drawers were overflowing with skin care products and makeup — three different blushes, many eyeshadows, a dozen different mascaras, foundation and...

As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

Apr 11, 2024 / 10:05 am

The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks,...

RBC faces questions on climate, Indigenous rights at annual general meeting

RBC faces questions on climate, Indigenous rights at annual general meeting

Apr 11, 2024 / 10:04 am

RBC chief executive Dave McKay faced a steady stream of questions about the bank's climate and Indigenous rights track record at its annual general meeting...

Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates

Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates

Washington Apr 11, 2024 / 5:51 am

Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool it. The Labor...

Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

Apr 11, 2024 / 5:49 am

A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach. The bank says the online...

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Apr 10, 2024 / 6:35 pm

Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with...

Wind, solar operators urged to invest now to protect against extreme weather risks

Wind, solar operators urged to invest now to protect against extreme weather risks

Apr 10, 2024 / 6:34 pm

Wind and solar operators in Canada are being urged to reduce the likelihood of catastrophic grid outages by making their infrastructure more resilient to...

Why is it so hard to make low or no- alcohol wine taste good?

Why is it so hard to make low or no- alcohol wine taste good?

Apr 10, 2024 / 6:33 pm

Earlier this month, a 13-generation winemaking family in the Alsace region of France announced the launch of their first alcohol-free riesling. This would have...

Air Canada resumes flights to Israel after six-month pause due to Israel-Hamas war

Air Canada resumes flights to Israel after six-month pause due to Israel-Hamas war

Apr 10, 2024 / 2:26 pm

Air Canada has resumed service between Canada and Israel following a six-month pause. The airline says flights between Toronto and Tel Aviv resumed April 9, and...

Macklem says interest rate cut in June possible after holding policy rate once again

Macklem says interest rate cut in June possible after holding policy rate once again

Apr 10, 2024 / 1:23 pm

The Bank of Canada is keeping the door open to an interest rate cut in June even as it emphasized that it won't be rushed into it if inflation shoots back...

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